Liverpool target Trapp planning PSG stay

first_imgTransfers Liverpool and Newcastle target Trapp planning PSG stay Sacha Pisani 15:34 1/11/18 FacebookTwitterRedditcopy Comments(0) KevinTrapp-cropped AFP Transfers Liverpool PSG Ligue 1 Αμιάν v PSG Coupe de la Ligue Newcastle United Premier League The Germany international, who is struggling for game time with the French giants, is not interested in securing a switch during the January window Paris Saint-Germain goalkeeper Kevin Trapp is happy to stay at the French giants for now as he continues to attract interest from the Premier League.Liverpool have been linked with out-of-favour Trapp, who has only made two Ligue 1 appearances after falling behind Alphonse Areola.Newcastle United are also believed to be interested in the 27-year-old Germany international, albeit via a loan deal. Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player However, Trapp is only focused on winning over head coach Unai Emery and playing for PSG ahead of the World Cup in Russia.”For now, I want to stay,” Trapp said following PSG’s 2-0 win over 10-man Amiens in the quarter-finals of the Coupe de la Ligue. “I am in Paris, even though I do not have enough playing time. “There are things that cannot be changed. As soon as I play, I want to do my best. I want to show that even with this lack of playing time, I am able to play well. The goal after the season is the World Cup.”Mission accomplished #ASCPSG @CoupedelaLigue#AllezParis pic.twitter.com/Fv1rGTYalp— PSG English (@PSG_English) January 10, 2018Trapp was named in the starting XI midweek as PSG reached the semi-finals of the Coupe de la Ligue, earning a meeting with Rennes.Neymar and Adrien Rabiot were among the goals – with the former producing a bizarre celebration – while axed pair Edinson Cavani and Javier Pastore were absent.”We’re very happy, because we’re going to play a Coupe de la Ligue semi-final,” Emery said. “We put in a serious display. We were quickly with a man over and – with patience – we worked to score the first goal.”Little by little, the match turned in our favour. Amiens pushed, but we didn’t give them many chances. So we’re through to the semi-finals, and I think we deserved it, just like the other three teams still in it.”In the next round, we’ll meet Rennes again. Of course, we would have preferred to play at home, but we’ll have to secure our place in the final. Before the holidays and last Sunday, we won there, so we’ll go to Roazhon Park with the same goal.” Subscribe to Goal’s Liverpool Correspondent Neil Jones’ weekly email bringing you the best Liverpool FC writing from around the weblast_img read more

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U.S. Container Volumes to Rebound in April

first_imgzoom Import volume at the nation’s major retail container ports is expected to increase 6.1 percent in April, according to the monthly Global Port Tracker report.The Port of Los Angeles/Long Beach, the largest and busiest port in the U.S.“With winter over, retailers are stocking up in anticipation of a busy spring and summer,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Consumers can expect plentiful supplies of merchandise.”“A busy time is expected over the next few months, so retailers are keeping a close eye on the labor situation at West Coast ports to ensure that cargo continues to move smoothly,” Gold said, noting that the current contract for West Coast dockworkers expires June 30 but negotiations are not expected to begin until mid-May. “Companies are already exploring contingency plans in case of a disruption.”U.S. ports followed by Global Port Tracker handled 1.26 million Twenty-Foot Equivalent Units in February, the latest month for which after-the-fact numbers are available.February is historically the slowest month of the year, and the number was down 8.4 percent from January and 1.4 percent from February 2013. March was estimated at 1.31 million TEU, up 15 percent from the same month last year.April is forecast at 1.38 million TEU, up 6.1 percent from last year; May at 1.44 million TEU, up 3.8 percent; June at 1.43 million TEU, up 5.5 percent; July at 1.49 million TEU, up 3.1 percent, and August at 1.51 million TEU, up 1.2 percent. The first half of the year is expected to total 8.2 million TEU, up 5.5 percent over last year.The total for 2013 was 16.2 million TEU, up 2.3 percent from 2012’s 15.8 million TEU.The import numbers come as NRF is forecasting 4.1 percent sales growth in 2014, contingent on how Washington policies on economic issues affect consumer confidence. Cargo volume does not correlate directly with sales but is a barometer of retailers’ expectations.“There is positive news with both the rebound in U.S. retail sales in February and the new filings for jobless benefits hitting a fresh three-month low last week, suggesting that the economy is gaining momentum,” Hackett Associates Founder Ben Hackett said. “Our forecast continues to reflect the economic rebound and we remain convinced that 2014 will have sustainable growth.”Global Port Tracker, which is produced for NRF by the consulting firm Hackett Associates, covers the U.S. ports of Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Hampton Roads, Charleston, Savannah, Port Everglades and Miami on the East Coast, and Houston on the Gulf Coast. nrf, April 10, 2014last_img read more

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Germany will fail 2020 climate goals now eyes 2030 target

first_imgBERLIN – Germany will likely miss its goal of cutting emissions by 40 per cent by 2020, the country’s environment minister said Monday, an embarrassing admission for a government that wants to lead the charge on limiting climate change.Official estimates project that Europe’s biggest economy will trim its greenhouse gas emissions by 32 per cent or less by 2020 compared to 1990 levels. The next target, a decade later, calls for a 55 per cent drop in emissions from 1990.“It’s painful for me to have to tell you that we will miss the targets we’ve set for ourselves for 2020,” Svenja Schulze told delegates from more than 30 governments who had gathered in Berlin to prepare for an annual global climate summit in December.Setting her country’s sights on 2030, Schulze said all sectors of the German economy would have to contribute cuts, but singled out transportation in particular, where emissions remain at 1990 levels.“The least has happened there,” she told reporters.Schulze also called for greater efforts to generate renewable energy and for an end to burning coal to produce electricity. The German government created an expert commission this month to study the politically sensitive issue of coal-fired power plants.The December summit in Katowice, Poland, will provide the first true test of the world’s ability to implement the 2015 Paris climate accord. The treaty set a political target of keeping global warming significantly below 2 degrees Celsius (3.7 Fahrenheit) by the end of the century, but left open how that would be achieved.Scientists say the time to achieve the most ambitious goal — limiting a rise in average global temperatures to 1.5 degrees Celsius by 2100 — has almost passed.Germany has pushed for international unity on upholding the Paris accord, particularly since U.S. President Donald Trump said he was pulling out of the deal his predecessor negotiated. But Berlin’s inability to take drastic steps has led environmental groups to question Germany’s credibility on the issue.German Chancellor Angela Merkel and Polish Prime Minister Mateusz Morawiecki are scheduled to speak at the Berlin climate meeting Tuesday.last_img read more

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Jeff Samudosky wins Chetwynd International Chainsaw Carving Competition

first_imgCHETWYND, B.C. – The 14th Annual Chetwynd International Chainsaw Carving Competition concluded on Sunday.12 carvers came from around the world to compete for a $5,000 and the title as top carver. Jeff Samudosky, who came third in the 2016 competition, was able to out-carve the other competitors to win this year’s top prize.The full results for the competition are shown below:1st: Jeff Samudosky for his piece “Joanna” – $5,0002nd: Chad Danczyk for his piece “Focus” – $3,0003rd: Takao Hayashi for his piece “Strong Combination” – $2,000Carvers Choice: Daniel Cordell for his piece “Dependance” – $500People’s Choice: Ryan Cook for his piece “Poseidon” – $1,000last_img

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The next overseas frontier for Canadas banks Chile

OTTAWA — The Harper government says it has upgraded its free trade deal with Chile, including obtaining greater access for Canadian banks to the south American country’s financial services market.As well, the upgrade in the 16-year-old treaty includes new rules on government procurement, customs procedures and dispute settlement.Trade Minister Ed Fast said ahead of a formal announcement that the financial services deal will ensure Canada’s banks, insurance firms and other business will enjoy enhanced access in Chile.The financial sector represents about 16% of Chile’s gross domestic product.Ottawa says it estimates trade with Chile boosts Canada’s economy by about $250 million annually, a relatively small number.Canadian Press

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UN commission agrees on safety principles for genetically modified foods

The 165-member “Codex Alimentarius Commission” – a subsidiary body of the World Health Organization (WHO) and the Food and Agriculture Organization (FAO) – has agreed in principle that the safety of food derived from genetically modified organisms (GMO) should be tested and approved by governments prior to entering the market. In particular, GMO foods should be tested for their potential to cause allergic reactions, the two agencies said.”This is the first global step toward the safety assessment of genetically modified foods,” said WHO Director-General Dr. Gro Harlem Brundtland. “International agreement on how to perform risk assessment of genetically modified foods will help all countries, especially developing countries,” she added.The Commission, which tomorrow wraps up a week-long session in Geneva, also approved a series of new maximum levels of environmental contaminants, particularly lead, cadmium, and aflatoxin, found in food such as fruit juices, cereals, and milk.”The work of the Codex Commission on toxic substances is particularly important given the long-term health risks for consumers, especially children,” said Alan Randell, the body’s Secretary. “Nevertheless there is more work to do and the Commission will continue to work on the issue.”The Codex meeting also agreed to new guidelines for organic livestock production. According to these guidelines, organic livestock farming should aim to use natural breeding methods, minimize stress in animals, prevent disease, and progressively eliminate the use of certain chemical veterinary drugs, including antibiotics. Animals should mainly be fed with high quality organic feed, not meat and bone meal, although fish and milk products are acceptable. The use of growth hormones is not permitted.While Codex standards, guidelines and recommendations are voluntary, they are recognized by the World Trade Organization as reference points in international trade disputes, FAO and WHO said. read more

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Boeing remains confident in 787s safety shares rise 3 per cent but

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by Joshua Freed, The Associated Press Posted Jan 9, 2013 6:22 pm MDT Boeing remains confident in 787’s safety, shares rise 3 per cent; but questions linger Boeing’s 787 is supposed to revolutionize air travel. It just needs to get out of its own way first.The new plane is undoubtedly Boeing’s most visible. It’s built from composites instead of aluminum and comes with the promise of the most comfortable ride in the sky. At $200 million each, 787s are an important part of Boeing’s future, even though it will be a while before it makes money on them.But this sophisticated piece of transportation wizardry hasn’t been behaving as designed. Just this week one caught fire, and another suffered a fuel leak. The 787 was delayed for three years, so Boeing’s investors and customers notice each time one has a problem. Boeing asserts such growing pains are typical for new models.The 787’s chief engineer said Wednesday that he has “extreme confidence” in the Dreamliner — Boeing’s nickname for the plane — even as federal investigators try to determine the cause of the fire on board an empty, parked Japan Airlines plane on Monday in Boston. Officials have said one of the plane’s lithium ion batteries burned.The 787 is the first Boeing plane to use lithium ion batteries, which charge faster and can be moulded to space-saving shapes compared to other airplane batteries. The liquid inside them is flammable, putting the battery at more risk for a fire than previous airplane batteries, the Federal Aviation Administration has found.After Monday’s fire, the big question for Boeing will be whether the issue is a manufacturing defect, which can be fixed relatively cheaply, or a design flaw, which might require expensive redesign and rework on existing planes, said Citi analyst Jason Gursky.Boeing has delivered 50 of the 787s, starting in late 2011. It has almost 800 more on order. To get through the backlog, Boeing is ramping up production to build 10 787s per month in Washington state and South Carolina by the end of 2013. By comparison, it cranks out more than one 737 every day. The 737 is Boeing’s bestseller, and the company has been building the smaller plane for decades.In November, Boeing said it had begun making five 787s per month. But if any major manufacturing changes are needed to fix the electrical problems, the company could fall further behind in deliveries.New planes like the 787 take years — and hundreds of millions of dollars — to develop. The roots of the 787 go back to 2003. Boeing has not said how much the research cost. It has estimated it will need to deliver 1,100 of them to break even by some accounting measures.“It’s definitely the most expensive plane program that they’ve ever developed,” Gursky said.No customers have cancelled a 787 order following the fire, and several airlines have been reported saying they are confident in the plane.“If airlines are worried, they sure aren’t showing it,” said Oppenheimer analyst Yair Reiner in a note to clients.Investors rallied behind the company Wednesday, sending shares up by 3.5 per cent to $76.74. That followed a two-day drop of 4.6 per cent. Boeing shares had gained 11 per cent in the three months prior to Monday as investors anticipated a growing flow of cash from Boeing’s faster production of its big planes.Besides the fire, another Japan Airlines plane leaked 40 gallons (150 litres) of fuel at Boston Logan on Tuesday. The airline said an open valve caused one tank to overflow through a vent. Last month a United Airlines 787 flying from Houston to Newark, New Jersey, diverted to New Orleans because of an electrical problem with a power distribution panel.Boeing insisted on Wednesday that the 787’s problems are no worse than what it experienced when its 777 was new in the mid-1990s. That plane is now one of its top-sellers and is well-liked by airlines.“Just like any new airplane program, we work through those issues and move on,” said Mike Sinnett, the 787 chief engineer. He added, “We’re not satisfied until our reliability and our performance are 100 per cent.”Sinnett didn’t say so, but other new planes have had issues, too, including the Airbus A380 superjumbo. Small cracks have been discovered on the wings, and in 2010 a Rolls Royce engine on a Qantas flight exploded in mid-flight.He said the nature of lithium ion batteries means no fire extinguisher system will stop them from burning once they start. The NTSB said it took firefighters 40 minutes to put out Monday’s fire.Sinnett said Boeing has no plans to replace the lithium ion batteries with another type. If he had to re-do the choice to go with lithium ion, he said, he’d make the same choice today.The 787’s are a key part of Air Canada’s (TSX:AC.B) strategy to grow its capacity and profitability.The Montreal-based carrier plans to transfer Boeing 767 and Airbus A319 planes from its fleet to a new low-cost airline Rouge as it takes delivery of the new widebody aircraft.Air Canada wouldn’t say if the incidents have prompted the airline to have concerns about its order for 37 aircraft that are expected to begin to be delivered next year.“They are still looking into it now so it is really not possible to comment,” Air Canada spokeswoman Isabelle Arthur wrote in an email.— With files from The Canadian Press read more

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ExCEOs reputation precedes him affects jury selection

NEW YORK, N.Y. – Several potential jurors at the federal securities fraud trial of Martin “Pharma Bro” Shkreli were excused on Monday after telling the judge they couldn’t be impartial toward the flamboyant former pharmaceutical CEO because of his notoriety for raising the cost of a life-saving drug 5,000 per cent.At jury selection in a Brooklyn courtroom, U.S. District Judge Kiyo Matsumoto questioned the potential jurors at sidebars out of earshot from Shkreli. One called him “the face of corporate greed,” another labeled him “the most hated man in America” and a third gestured as if wringing his neck.Yet another was sent home after confiding that when she saw Shkreli sitting at the defence table, “I said in my head, ‘That’s a snake.’”Opening statements could come as soon as Tuesday.Since his high-profile arrest in late 2015 when he was led into court in a grey hoodie, the 34-year-old Shkreli has been free on bail and free to speak his mind on social media in ways that could complicate his defence. He went on Twitter to label members of Congress “imbeciles” for demanding to know why his company, Turing Pharmaceuticals, raised the price of Daraprim, a drug used to treat toxoplasmosis and HIV, from $13.50 to $750 per pill.He took to YouTube for a series of lessons on chemistry and stock market analysis. His Twitter posts mocking a freelance journalist turned so creepy — one showed a fake photo of him canoodling with her — that his account was shut down. And on Facebook, he mused about the possibility of being “unjustly imprisoned.”Shkreli “travels to the beat of a very unique drummer,” exasperated-sounding defence attorney Benjamin Brafman said at a pretrial hearing this month.Columbia law professor John Coffee compared the situation to President Donald Trump’s unruly tweeting habits. “A lawyer can caution him,” he said. “But just like Trump, he doesn’t have to listen.”Though Shkreli’s notoriety came from Daraprim, the federal securities fraud case is unrelated. Prosecutors say that after Shkreli lost millions of dollars through bad trades through his side business hedge fund, he looted a second pharmaceutical company for $11 million to pay them back. The defence has argued that he had good intentions.“Everybody got paid back in this case,” his lawyer said. “Whatever else he did wrong, he ultimately made them whole.”The defence has floated the possibility that it would put Shkreli on the witness stand to try to highlight how he grew up in a working-class Albanian family in Brooklyn, taught himself chemistry, interned at a financial firm founded by CNBC’s Jim Cramer and struck out on his own to become a rising star in biotechnology startups. He wanted to develop new life-saving drugs after seeing “several classmates and other children he knew struck down by debilitating disease,” court papers say.Prosecutors call it a ploy to portray the boyish-looking Shkreli as “a Horatio Alger-like figure who, through hard work and intelligence, is in a position to do great things if only the jury would ignore the evidence and base its verdict on sympathy.” The real Shkreli was a con man often undone by his own mouth, they say.The government has cited claims by one of Shkreli’s former employees that Shkreli harassed his family in a dispute over shares of stock.“I hope to see you and your four children homeless and will do whatever I can to assure this,” Shkreli wrote the employee’s wife, according to court filings. by Tom Hays, The Associated Press Posted Jun 26, 2017 8:25 am MDT Last Updated Jun 26, 2017 at 7:40 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Ex-CEO’s reputation precedes him, affects jury selection Former Turing Pharmaceuticals CEO Martin Shkreli, left, arrives to federal court with his attorney Benjamin Brafman in New York, Monday, June 26, 2017. Even with his federal securities fraud trial set to begin Monday, Shkreli has blatantly defied his attorneys’ advice to lay low. (AP Photo/Seth Wenig) read more

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First selfdrive train launched on mainline track

first_img“It is clear that the company have every intention of spreading full automation as far and wide as they possibly can in a move that takes us another step along the road to a faceless railway.“This isn’t about improving reliability and service quality for the public, it’s about maximising the profits of the private rail operator.”Aslef, the train drivers’ union, has supported the use of the system as long as a driver is retained on all services but warned against using the technology on parts of the Victorian network outside central London.Mick Whelan, Aslef’s general secretary has said: “Trains have to be driven; they don’t drive themselves, whatever science-fiction writers think. Even with increased automation, we will still want, and need, a trained driver at the pointy end of the train.” Self-drive trains can accelerate and brake more efficiently than those operated by a driver which the company hopes will lead to trains running every two to three minutes, similar to the frequency on the Tube, a 60 per cent increase in services at some of the busiest stations in the capital.The project, part of a £7 billion Thameslink Programme, involves rebuilding stations and adding new tracks and signalling as well as the introduction of 115 new trains. It will eventually result in 24 trains an hour running at peak times. Mick Cash, the RMT general secretary, said: “Not content with throwing the guards off their trains Govia Thameslink Railway is now determined to diminish the role of the driver when the service enters the ATO zone. The ATO (Automatic Train Operation) centre yellow button of three in marked box Gerry McFadden, engineering director at Govia Thameslink Railway, said: “We are embracing digital technology to boost capacity through the heart of London, a historical bottleneck that has held back rail expansion across the south of the country.”Self-drive technology also has great potential for the rest of the country’s rail network, particularly on congested routes, and could in future reduce the need for costly infrastructure projects.”Passengers, meanwhile, appeared more concerned about the state of the trains than who was in charge of the controls.One, Neil Cole wrote on Twitter: “Self-driving, yet still unable to maintain a bearable carriage temperature.” Another, Ben Plummer, said: “If they can’t even sort out a thermostat how are we supposed to trust a driverless train?”Russ Hewitt branded trains on the Thameslink line “an absolute joke.”View latest offers from Railcardcenter_img The ATO (Automatic Train Operation) centre yellow button of three in marked boxCredit:John Stillwell/PA Wire The UK’s first automated mainline train made its debut on a London track yesterday but unions warned they would oppose any move to dispose of drivers.Some 150 people were on board the 9.46am Thameslink service from Peterborough to Horsham which made a historic switch from manual to computer control as it sped through the capital.The rail company, possibly wary of alarming passengers following the recent death of a pedestrian in the US at the hands of a self-drive Uber car, did not announce the change, meaning most remained none the wiser.Govia Thameslink Railway, Thameslink’s parent company, later stressed the driver had remained in the cab at all times to carry out safety checks and close the doors at stations and would take full control of the trains outside central London.It was the first time that self-drive “automatic train operation” (ATO) has been used on the mainline rail network, although such trains are in use on several London Underground tube lines.Unions have urged caution on the project, warning they will not support any rollout beyond London and stressing that a driver must be retained on all services. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings.last_img read more

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Letter Discredited WPA AFC should understand their roles today

Sase Singh,M.Sc. – Finance, ACCA Dear Editor,Dr. David Hinds may be tugging at straws when he asked in the press for a meeting between the WPA and President Granger. There is no need for such a meeting.  This Granger Government marketed the APNU+AFC brand in 2015 for deceptive purposes and nothing else.  In actual substance, this government is a PNC led Granger Administration. Everyone else is a “tag along” to this PNC government. In such circumstances, the now much discredited WPA and AFC should understand their roles today; they are nothing else but political window dressing to this PNC led Granger Administration.It is unfortunate that Dr. Hinds and his colleagues in the WPA did not take on board the Guyanese proverb “ When two large rum bottle deh ah table, quarter bottle nah gat business deh”.  A government is constructed with a Constitution, not some “rum shop Accord” mashed together over drinks.Both the WPA and AFC had power in their hands and they threw it away all because a few opportunistic human wanted Prados, Perks and FAT Pay and were unprepared to be the balance of power.The rest is history and Guyana is now back to square one, where we only have two large rum bottles on the table – PNC and PPP. There is no place in 2020 for the WPA, AFC, KFC, JFAP, LFC or any third force period!  The people will reject them all convincingly after observing how “YELLOW BELLY” the AFC and WPA has turned out to be.  In 2020, Mr. Granger can campaign with a 50 party coalition, the Guyanese people will recognize it for what it really is – a PNC dominated, controlled and led electoral machinery with some opportunistic individuals stitched on as window dressing.It is clear as day that the WPA and AFC have now played out their trump cards and they have no choice but to accept their new roles as the 5th wheel to a coach that can do without the 5th wheel. Would Walter Rodney or Shiela Holder accept this political abuse? The WPA and AFC will have to accept the wisdom of my ancestors who advised: “When yuh play out all yuh trump cards, yuh gat to lose till game done”.It is deeply sad on the occasion of the anniversary of my soul brother Dr. Rodney, (whose ideas form the intellectual soul of the WPA), was chosen by the PNC as the date to formally devour and deflower what was left of the WPA in Government.  There are positions and there are positions.The facts will show that Dr. Roopnarine was transferred from a portfolio (Education) that was valued at G$43 billion in the 2017 budget to a role that is worth 1/20th or 5% of what he previously managed.  Further, he moves from a portfolio in which he had his own Budget, his own Ministry, and his own Permanent Secretary.  Now he is nothing but a Department Head in Mr. Harmon’s Ministry, is part of Mr. Harmon’s budget and have to work along with Mr. Harmon’s Permanent Secretary.  He is in no better a position than Moses Nagamootoo who is also subject to similar rules in Mr. Harmon’s Ministry.If that is not a demotion then what is?  I like and respect Dr. Rupert Roopnarine, singularly for his intellect and gentlemanly attitude.  When he became the Minister of Education, I was proud because here was a man who served education all his life at all levels and was being given a chance to make policies to change the way we educate our people.  Yes his successes were limited but do we think his intellectually inferior, inexperienced, and underskilled replacement is any better?Why was Dr. David Hinds not asked to be the new Minister of Education?  Why was someone who cannot measure up to Dr. Roopnarine or for that matter Dr. Hinds, on the policy front, on the organizational front, on the intellectual front, and on all other fronts, being asked to carry a portfolio that I thought was reserved for the WPA?But then again, with all things considered, this is a PNC led Granger Administration.Regards, Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedNo decision made on recalling Roopnaraine, Trotman from Govt posts yetMarch 23, 2018In “Local News”‘We’re being sidelined’, says WPA on removal of Dr Roopnaraine from Education MinistryJune 19, 2017In “latest news”WPA calls on President to clarify Govt’s position on recent “act of censorship and victimization”March 14, 2018In “latest news” read more

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Metals setting out on a path back to normality

first_imgThe Natixis Metals Review:  2015H1 notes that in recent years, the global economy has been underpinned by both central bank and in many cases government support for economic activity, propping up what would otherwise have been anaemic rates of growth. Over the period 2015-16, this situation is expected to change perceptibly. In the US, the Fed is expected to begin normalising monetary conditions as the US labour market finally approaches full employment once again. In Europe, years of under-performance are finally expected to be replaced by stronger economic growth, not least thanks to the ECB’s implementation of quantitative easing. Whether Japan can rediscover growth through Abenomics remains to be seen.Across the developing world, economic performance is expected to diverge markedly. In China, although the rate of growth is expected to slow only marginally, this will coincide with a huge change in the underlying structure of the economy, from unsustainable investment-led growth to a more sustainable model based around consumption, innovation and the influence of the price mechanism. In India, years of sub-par growth are expected to give way to stronger economic activity, supported by pro-growth policies of the new Modi government. In Brazil and Russia, economic conditions are expected to remain extremely challenging, suggesting a potential economic contraction in 2015.The pursuit of quantitative easing by the ECB and BoJ, at a time when the US Fed is expected to begin raising interest rates, is leading to a sharp realignment of currencies, with the dollar strengthening to its highest level in over a decade.Another key development for metal markets is the recent fall in oil prices, boosting economic activity in oil consuming countries at the expense of deteriorating fiscal balances among oil producing countries.  Against this backdrop, we expect world growth to improve marginally over the coming two years.In the base metal markets, our assessment of market balance has been complicated significantly by the major structural change now occurring in China.  For some metals, curtailment of excess capacity has scope to result in significant changes in either supply of or demand for base metals.  In similar fashion, forecasting the potential strength of Chinese exports of metal and metal products is fraught with uncertainty.Precious metal markets are expected to remain fixated upon the decisions facing the US Fed this year.  When to begin normalising rates, and what effect will this have upon the rapidly strengthening dollar?For both base and precious metals, the effects of the lengthy investment cycle will be of crucial significance.  Current low prices may be deterring investment, but it can take 4-6 years before the full effects of changing investment decisions are felt in terms of mine output.AluminiumAfter experiencing a roller-coaster ride in 2014, significant swings in LME aluminium prices are expected to continue in 2015-16 as strengthening medium-term fundamentals risk being undermined by negative factors in the short term.  While the global aluminium market is expected to experience deficits over the coming years, it will still take some considerable time before aluminium inventories are brought down to more “normal” levels.One factor that may put pressure on aluminium prices in the near term is the potential for aluminium premiums to extend their recent decline.  This fall in premiums is damaging the economics of financing trades, with the result that more metal is becoming available within the market.While the eventual trajectory for aluminium prices is expected to be upwards, there remain significant risks that could lead to bouts of recurrent weakness in the immediate future.  For 2015, we forecast an average aluminium price of $1,840/t, to be followed by $2,000/t in 2016.CopperWe have been bearish on the outlook for copper prices since 2013, arguing that a move from deficit to surplus would be accompanied by a fall in copper prices and a shift in the shape of the forward price curve from backwardation to contango.Alongside a progressive decline in copper prices, growth in mine output is slowing perceptibly.  This is contributing to a decline in TC/RCs, which is expected to slow the growth in output of refined copper in 2015-16.With the sharp drop in copper prices in January this year, we believe that a multi-year adjustment in the copper price is now largely complete.  Yes, there is scope for spot prices to suffer a little more in the near term if the forward curve were to complete its transition from backwardation to contango, but the shift from 2014-15 surplus to 2017-18 deficit should gradually provide increasing support for copper prices over the coming years.In our central scenario, we expect copper prices to average $6,150/t in 2015, rising to an average of $6,800/t in 2016.LeadThe global lead market has been subject to immense upheaval over recent years, with huge structural changes taking place in the lead industry in both the US and China, the two largest markets for lead.  This has resulted in a high degree of uncertainty relating to the fundamentals underpinning lead supply and demand.In our central scenario, Chinese demand for lead is expected to change from yoy declines over the past two years to very slow growth in 2015-16.  Depending on the pace at which e-bike demand for lead diminishes, this could prove to be an overly optimistic assessment.  New environmental regulations are expected to dampen Chinese mined output of lead, but at the same time are likely to encourage lead recycling.  Again, both of these assumptions are open to some degree of doubt.Our forecast for a lead surplus of 90,000 t in 2015 suggests that lead prices are unlikely to perform well this year.  However, with prices recently hitting five-year lows below $1,700/t, depressed by the recent strength of the dollar, scope for further significant price falls appears limited.  We would therefore envisage lead prices remaining muted, trading in a range between $1,700/t and $1,900/t.  In our central forecast, we would suggest an average price of $1,800/t in 2015, to be followed by $1,850/t in 2016.NickelThe global nickel market has been subject to significant upheaval in recent years, causing a high degree of price volatility.  Between 2009 and 2013, Chinese stainless steel producers expanded production rapidly, supported by imports of Indonesian nickel ore.  After Indonesia introduced a ban on exports of unprocessed raw material, this dependence was forced to shift from Indonesia to the Philippines.Has Chinese output of stainless steel grown too rapidly?  The current shift from an unsustainable investment-driven growth model to a more sustainable model based upon consumption, innovation and the price mechanism is already leading to substantial change in China’s steel industry.  Whether this proves to be equally negative for the country’s stainless steel industry remains to be seen, but the drop in Chinese apparent demand in 2014 is certainly a worrying development.Close study of the supply side of the nickel market gives us a relatively clear picture of likely developments in 2015-16, but the potential strength of demand for nickel is much harder to gauge, resulting in a significant degree of uncertainty in our forecasts for market balances and nickel prices in the years ahead.  Our central scenario envisages nickel prices averaging somewhere around $14,500/t in 2015.  For 2016, prices are expected to improve only modestly, rising perhaps to an average of $15,300/t.ZincThe zinc market is moving inexorably from surplus to deficit. This prompted a sharp rise in prices during 2014H2, which encouraged a supply response in the form of higher Chinese output.  Since then, zinc prices have softened, slipping back to $2,000/t in March.From 2015H2, we expect the next bout of scarcity, brought about by the closure of both the Century mine in Australia and Lisheen in Ireland, to result in a renewed upward trend in zinc prices.  If Chinese producers are not able to respond so easily with higher output this time around, the rise in zinc prices might be more sustainable during 2015H2 and 2016.  Our central forecast for zinc anticipates an average price of $2,225/t in 2015, rising to $2,520/t in 2016.GoldIn the period between 2003 and 2012 gold miners invested heavily in mine expansion and ramping up production.  Following the 2013 collapse in the price of gold, producers instead turned to cutting Capex.  As a result of these previous investments, gold mined output has continued to rise, and in 2014 mined output rose by 2.25% yoy to 2,875 tonnes.  New mines take around five years to come on-stream, as such the sharp drop in investments will most likely only show up in 2017-8.In the meantime, higher output and lower investment demand is expected to weigh on gold prices.  Our view is that a rise in US interest rates may push gold prices to lower levels as the opportunity cost of holding the metal rises and the need for a safe haven dissipates.For 2015 we forecast that gold prices will average $1,150/oz, followed by $1,055/oz in 2016.Silver We expect that the positive correlation between silver and gold prices will remain strong in 2015; so far this year it has been at around 0.87.  Nevertheless, the beta between silver and gold prices appears to have fallen in recent years.  In 2014, for every 1% daily movement in the price of gold, silver prices changed by only 1.26% compared with 1.65% in 2011. Since January 2014 the beta has been 1.27.As with gold, we expect that the main pressure on silver prices will come from the stronger US dollar and higher US interest rates.  Silver is especially sensitive to the US market where the metal has a wider popularity with retail investors than in other developed countries.Based on our positive outlook on the US economy and additional downside risks linked to silver prices (potential outflows from investment demand and low cash cost of production), we forecast silver prices will average $15.5/oz in 2015 and $13.5/oz in 2016.PlatinumAs a result of last year’s strikes, it is estimated that mined supply of refined platinum dropped by 11% yoy in 2014 to 161 t which in turn pushed down total supply by 8% yoy to 224 t.  Higher output from recycling has been offsetting efforts by miners to reduce platinum output.  Scrap supply of platinum is expected to have risen by 13% yoy in 2014 to a record of 71 t.We expect demand for platinum will improve in 2015.  New automobile sales in Europe are expected to grow and so is jewellery demand from China.  This should be supportive for platinum prices which lately have been strongly positively correlated with gold.In our base case scenario we see platinum prices averaging $1,285/oz in 2015 and $1,500/oz in 2016.PalladiumAt the beginning of 2014, palladium prices rose strongly due to the unfolding of the Russia and Ukraine crisis.  The market has therefore factored this into current price levels, and it would take a further escalation of the conflict in order to support palladium prices in 2015.  Although automobile sales in the US, China and India are expected to grow this year, we are pessimistic on the outlook for Russia and Brazil, suggesting only modest global growth in demand for palladium.In our base case scenario we see palladium prices averaging $775/oz in 2015 and $740/oz in 2016.last_img read more

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Wallace to lodge complaint against Shatter over penalty points allegation

first_imgINDEPENDENT TD Mick Wallace has said allegations made against him by justice minister Alan Shatter on live television last night were “a serious abuse of the Minister’s powers”.Wallace and Shatter were guests on RTÉ’s Prime Time, discussing the Garda inquiry into alleged abuse of the penalty points deletion system, when Shatter alleged that Wallace had himself been cautioned for driving while using a mobile phone, but was the benefit of Garda discretion and avoided penalty points as a result.Wallace, who said he had no idea what Shatter was referring to, this evening insisted he was unaware of the incident, and said a fixed charge notice was never issued to him.This evening the TD said he was in the process of lodging a formal complaint with the Standards in Public Office Commission, alleging that Shatter’s comments were in breach of the legally binding code of conduct for people elected to public office.He said he was also asking the Data Protection Commissioner to investigate “any possible breach of the Data Protection legislation, the basis for the Minister’s allegation, the circumstances surrounding the seeking and providing of any personal data to the Minister in preparation for the Prime Time debate”.“I believe that this allegation represents a serious abuse of the Minister’s powers and a breach of Section 1.5 of the Code of Conduct for Office Holders,” Wallace said in a statement published on his website.“Furthermore, the Minister has displayed a worrying disregard for the dignity of his office and a surprising lack of awareness regarding his legal obligations.”The Wexford TD said he was surprised that Shatter would broadcast an unsubstantiated claim against him on national television, when Shatter had previously condemned Wallace and others for using Dáil privilege to name people whose penalty points had been removed.Wallace said he believed Shatter’s allegation “represented an attempt to avoid a discussion of the grave issues of Garda malpractice, issues which I am determined to continue to pursue”.The TD also suggested that Shatter had made his allegations to undermine the criticisms of Wallace, Luke ‘Ming’ Flanagan, Clare Daly and Joan Collins over the status of the internal Garda investigation into alleged penalty points corruption, and published a letter written by the four to the cabinet last month.Read: Three ‘possible breaches’ identified in penalty points reportlast_img read more

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Google planning 20 Chrome OS hardware subscription option

first_imgWhen Chrome OS finally gets released running as the default OS on a laptop, it is wideley expected that the pricing of such hardware will be lower than the equivalent Windows-based hardware. This is mainly due to Chrome OS being free to use rather than following a license-based system like Microsoft offered.But it looks as though hardware running Chrome OS may cost you nothing upfront in some cases. Instead, Google is willing to offer hardware running its new operating system on a subscription basis.AdChoices广告For between $10-$20 per month Google is apparently considering offering you a laptop. As long as the subscription continues Google will replace any faulty hardware and issue new devices at regular intervals as the previous device ageas. Effectively Google is replacing the upfront payment of hundreds of dollars for hardware and then a refresh every 3-4 years, with a subscription model for life.What is unclear is how far reaching this subscription offer will be, and if it will include any additional services to help sweeten the deal. It could be Google limit this to business users, on the other hand it may be rolled out to consumers will a Google Music subscription thrown in.Whatever Google’s final plan, it looks like Chrome OS will do more than shake up the OS market, it may change the way some of us buy our next laptop in the years to come.Read more at Neowin, via thechromesourceMatthew’s OpinionIf this turns out to be true I can see it appealing to a lot of people. Think about it, we are used to paying subscriptions for our phones, so why not our laptops too? If Google set realistic hardware refresh cycles, threw in a music download subscription, and possibly a 3G/4G connection too, it would be difficult to say no at $20 a month.The hardware costs upfront for Google would be large, but because Chrome OS functions in the cloud a laptop running it is far cheaper to produce than a Windows laptop. It would also be a loss leader that Google would get back in the first 12 months of subscription payments.Also, how do you compete with this if you are Microsoft or Apple? You can’t do the same as it would cost too much, and if the subscription includes hardware refreshes there’s no way you can really start pushing better hardware as an alternative easily.last_img read more

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Oz media attacks Greek tradies

first_imgLeaked documents in which the Australian PM calls one tradesman a “Greek bullshit artist” and purposely mocks the work provided by tradesmen of Greek heritage that were published in The Australian and The Age have offended and outraged the Greek community. One related story in The Courier Mail that went as far to reference the article in question with an image of a Greek soldier at the Tomb of the Unknown Solider in Athens has been touted as “utterly unacceptable” and has been coined as sensationalist journalism by the Australian Hellenic Educators Association. The story refers to an investigation conducted by Slater and Gordom in 1995, when Julia Gillard was a lawyer with the firm, that claimed she used AWU funds to pay for renovations on her Abbotsford home. The leaked documents were conversations Ms Gillard had with senior partners of the firm during an investigation into whether or not she paid for the renovations herself. What concerned the Greek community was the way the statements were reported in the Australian media. The Greek community has questioned the relevance in the media revealing the cultural heritage of the tradesmen. In the conversation with the law firm Ms Gillard was quoted as calling one of the tradesmen – Bill the Greek – as being a “big Greek bullshit artist.” She said that the tradesman took the liberty of building a fence for her – one that she did not ask for – and said that the result was “truly hideous.” She also stated that Kon Spyridis, who worked alongside Bill the Greek, was going to put pickets on the fence “to try and stop it looking quite as Greek, dare one say.” She added that she was “particularly unhappy” about the job Bill the Greek and Mr Spyridis had conducted on her home renovation. “When I came home and saw the posts and windows which had got done in one day, I raised it immediately with Bill the Greek in fairly vociferous tones and said ‘this had just totally buggered up the job’,” she said. “This is just hideous, you know, you need to talk to Con [sic] about it. I periodically raised with Bill ‘what on earth is happening with Con [sic] and these windows and these posts, and the tiling’s uncompleted and the fence is uncompleted’. Bill would say ‘I’ll fix it, I’ll fix it’, but it never got fixed.” Yesterday, Mr Spyridis broke his 17 year silence and told Herald Sun that Ms Gillard had paid for all the renovations herself. “The union has got nothing to do with Julia’s payment for the house,” he said. The accusation came about when Ms Gillard’s then lover and one-time AWU state secretary Bruce Wilson improperly used about $400,000 in union funds. Mr Spyridis added that Mr Wilson owed him $7000 for work he had conducted on the AWU offices in Carlton, and it was Jenny Mikakos MP, long-serving Labor member, who acquired the money on his behalf. Facebook Twitter: @NeosKosmos Instagramlast_img read more

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The Punisher Season 2 Trailer Teases Frank Castles Masked Enemy

first_img What to Stream on Netflix This WeekendZach Galifianakis Hits the Road in ‘Between Two Ferns: The Movie’ Trailer Stay on target Frank Castle is back for Season 2 of The Punisher, except he must battle a familiar face again: Billy Russo, also known as “Jigsaw.”On Thursday, Netflix released The Punisher Season 2 trailer on YouTube, which shows Russo sporting a gruesome-looking mask during a merciless spree to find Castle. The show, which stars Ben Barns (Russo) and Jon Bernthal (Castle), will return to Netflix on Jan. 18.Season 2 of The Punisher whisks Castle out of retirement, after he tries to save Amy Bendix, a young girl, from being murdered at a bar. Castle and Bendix find out they share a lot in common: Both had family members killed due to crime. Bendix has darker secrets though, which Castle has to uncover in between fighting Jigsaw and his ruthless masked posse.Jigsaw is also key in the second season: He’s the ex-friend of Castle, and was responsible for the deaths of Castle’s wife and children. When Jigsaw’s accomplices find out that Castle and Bendix have partnered together, they set out to kill them both.If you haven’t caught up on The Punisher Season 1, you can stream it on Netflix.More on Geek.com:‘The Punisher’ Season 2 Is Coming to Netflix on Jan. 18David Fincher’s ‘Love, Death & Robots’ Animated Series Is Coming to NetflixNetflix’s ‘Polar’ Trailer Reveals Mads Mikkelsen as a Badass Assassinlast_img read more

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Documents School shooting came after troubling behavior

first_imgROCKFORD — Caleb Sharpe rode the bus to his high school in a tiny Washington state town, carrying a black duffel bag. The 15-year-old walked to a second-floor hallway, pulled an assault weapon from the bag and tried to load it, authorities said.It jammed, and a classmate walked up.“I always knew you were going to shoot up the school,” the student said, according to court documents released Thursday. “You know this is going to get you in trouble.”Sharpe pulled a pistol from his coat pocket and shot his classmate, also 15, in the abdomen and then in the face, killing him, according to the documents.He then walked down the hallway, firing at other students or into the ceiling, authorities say. Three female students were wounded but were expected to survive.Sharpe told police that he had been bullied by the boy who died but did not target him specifically.“Instead he’d come to the school to teach everyone a lesson about what happens when you bully others,” the documents said Sharpe told investigators.last_img read more

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Xhaka Nothing is finished yet

first_imgArsenal’s Grant Xhaka has admitted that is “unbelievable” that 10-man Atletico Madrid managed to escape with a 1-1 draw against them, but he remains certain that “nothing is finished” yetThe Swiss midfielder started for the Gunners in what was Arsene Wenger’s final European home match in the first leg of their semi-final tie against the Spanish side.Due to Sime Vrsaljko’s 10th-minute dismissal, Arsenal dominated the game and looked set to take a lead to Madrid next week when Alexandre Lacazette headed them in front.But Antoine Griezmann then took advantage of some poor defensive work to score a vital away goal.Jadon SanchoMerson believes Arsenal should sign Sancho Manuel R. Medina – September 14, 2019 Borussia Dortmund winger Jadon Sancho might be the perfect player to play for the Gunners, according to former England international Paul Merson.“I think we played a great match… Atletico had one shot on our goal and scored. It’s unbelievable because we didn’t want that today, we wanted to have a good result at home. But it’s 1-1 and now we must focus on next week.” Xhaka told the club website.The 25-year-old feels that Atletico goalkeeper Jan Oblak proved to be crucial in keeping his side in the game.“No, I don’t think so. We had a lot of chances. We were a bit unlucky with the amazing match of the goalkeeper of Atletico. A 1-1 draw isn’t the result we wanted but nothing is finished,” analysed Xhaka.On the return leg, he added: “We know we must score one goal. We must play like we did today, we must focus for over 90 minutes because you can see it’s always dangerous against Atletico.”last_img read more

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Google welcomes spring and fall with dual Doodles for the equinox

first_img Share your voice Tags Google Doodle Google One of Google’s equinox Doodles welcomes the new life that spring portends. Google Even if the weather doesn’t exactly feel like spring, the calendar — and Google’s Doodle — indicate that the changing of the seasons promises to bring warmer weather north of the equator.For those living north of globe’s belly line, Wednesday marks the first day of spring in the Northern Hemisphere. If you live south of the equator, it marks the first day of fall.It is, of course, the planet’s equinox (not to be confused with the solstice, which couldn’t be more different). The word “equinox” comes from the Latin for “equal” and “night.” Essentially, it’s the biannual event when the sun is directly over the equator.Regardless of which side of the planet you live, Google has got you covered with a Doodle that reflects the mood of the season ahead of you. Those welcoming spring in the north see the sprouting of new life from an anthropomorphic globe, perhaps astonished and optimistic about the warmer days and new life ahead.google-doodle-fall2019Meanwhile, those south of the Equator ready for colder, shorter days. Google Meanwhile, those witnessing the end of summer in the south see a Doodle featuring a brightly colored leaf resting on our now-tired globe, seemingly reminded of the fleeting warm days as it girds itself for shorter, colder days ahead.If you aren’t too keen on this situation, remember that you can count on things moving in the opposite direction in six months. Originally published March 19.Update, March 20: Adds links to Google’s spring and fall Doodles. 0 Online Post a commentlast_img read more

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CHOICES program takes new approach to housing people with severe mental illness

first_imgLeo Tondreault recently moved into his own place at Safe Harbor after four years on the street. (Hillman/KSKA)About 30 percent of people who are chronically homeless in the United States suffer from severe mental illnesses. These individuals more frequently require emergency services and can cost the city of Anchorage up to $60,000 per year. A new program in the city is trying a new tactic to help them, by meeting them where they’re at. Literally.Download AudioIn August, substance abuse specialist Delroy Duckworth and his colleagues received a call from someone who needed help.“The first thing we did was went out to find him,” Duckworth recalls. “And we went to the mall to look for this person and we did not know who he was. So we called him on the phone. We heard a phone ring, we saw a man answering his cell phone, I said, ‘Mary that’s him!’”The man with the phone was 60-year-old Leo Tondreault, tall and bulky with a graying beard, joints achy from rheumatoid arthritis. He’s distrustful in general but knows he needs help.“I’ve been homeless off and on for four and a half years. And nobody cares about you out there. And people that say they understand? How can they have no idea where I’ve been. Everyday is survival. How I’m going to eat, where I’m going to be for the night. Most of the times I just walk all night, drink coffee.”Part of the reason he never stayed still was to help cope with his anxiety and bipolar disorder – a severe mental illness.“I just stayed away from people. Because not a lot of people understand what bipolar is. And the worst part for me is the mania. The hyper vigilance.”Tondreault says he went to see a case worker at Providence Hospital in August and he learned about the CHOICES program. It’s short for Consumers Having Ownership in Creating Effective Services. Unlike other service providers, CHOICES does everything — mental and physical health care, housing, substance abuse treatment, job skills training.“We are like a one-stop shop,” says Duckworth of the ten-person team that uses hyper individualized care tailored to each client.They’re using a model called Assertive Community Treatment. It was developed in the 1970s, but this is the first time it’s being tried in Alaska. Research shows it’s more effective than standard case management models, where an individual meets with many different organizations. It costs more up front, but saves money in the long run because clients are less likely to use expensive services, like emergency rooms and hospitals.The CHOICES program has a budget of $1.8 million for the next three years. It’s funded mostly through the state’s Department of Behavioral Health and specifically targets people who have severe mental illnesses and are homeless. The team is mobile and adaptable. They carry tablets and keyboards and meet people on their own terms.“We don’t want to overwhelm them,” says housing specialist Mary Abraham. “If they become angry we say, it’s okay, we’ll meet later on. And usually it works out.” They’ll work with people who are still using substances, too.Abraham’s goal is to get people into housing first. That’s what she did for Tondreault at Safe Harbor at Merrill Field.He sits on the edge of his twin bed in a sparsely furnished former hotel room. He has a microwave and a mini-fridge, but shares the kitchen. He often runs into other tenants in the hall, who he says offer him alcohol, but he’s resisting. He’s been sober for nearly two months. Tondreault says he’s tried other programs and received some help, but he’s never felt supported the way he does with CHOICES.“I’m pretty peaceful today. Delroy came over today and said, ‘Man, you look well rested.’ Well, yeah. You change my situation and give me the things I need to help me survive, I’m a different person.”Tondreault hopes the CHOICES staff can help him accomplish his goals- like staying sober and going back to school in the spring. He knows he needs to put forth his own effort, but he says now he has support to get there.last_img read more

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